The Utica Custodian Assured Fixed Income Fund (UCAF) is a fixed income fund that offers investors with strong preference for regular income the opportunity to invest in low to medium risk, fixed income instruments with competitive returns. UCAF also provide protection via life Insurance to subscribers.

UCAF is Nigeria’s pioneering unconventional collective investment scheme. This open-ended fixed income fund caters to investors seeking consistent income, offering opportunities for low to medium risk investment in fixed income instruments with attractive returns.

Notably, the fund provides added security by offering life insurance coverage to subscribers, which can potentially multiply their initial investment up to tenfold, with a maximum coverage of N35,000,000.00 at the time of claim.

The fund invests primarily in low to medium – risk securities including FGN, Corporate and Municipal Bonds, certificates of deposits and commercial papers or other highly liquid and low risk securities with financial institutions rated by a SEC registered rating agency.

Therefore, with the expectation of future devaluations, astute investors invest in dollar denominated products to hedge against this risk.

The features of the fund are detailed below:

• Minimum Investment: NGN10,000
• Funds are invested in low to medium risk assets
• Open – ended that is easy entry and exit.
• Holding period of 365 days from the date of initial investment
• Bi-annual income distribution

 

Benefit of investing in U-CAF

• Insurance Value Add
  The Utica Custodian Assured Fixed Income Fund provides life assurance benefits for individual subscribers. The insurance cover death and permanent disability caused by accident Custodian Life Assurance Limited, the Insurance Provider, by the Custodian as instructed by the Fund Manager. The Premium will be in custody of Custodian Life Assurance Limited.

 

• Professional Management
  The fund is professionally managed, and research driven through a well-defined strategy with measurable benchmarks.
• Funds is held by a FCMB Custodian – licensed by the Securities and Exchange Commission.
• The fund provides a consistent income stream to investors.